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Guideline Value

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Guideline Value for BALAJI NAGAR 3RD BLOCK 2ND STREET

₹1650/sq.ft.

The guideline value for Balaji Nagar 3rd Block 2nd Street in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Balaji Nagar 3rd Block 2nd Street

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Balaji Nagar 3rd Block 2nd Street guideline value

The current guideline value for Balaji Nagar 3rd Block 2nd Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Balaji Nagar 3rd Block 2nd Street has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. The most recent revision in 2024 increased this figure to Rs 1,650 per sq.ft, marking a 10% increase from the 2012 value. The register has no figures for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

Thus, the only recorded changes for Balaji Nagar 3rd Block 2nd Street occurred between the 2012 and 2024 revisions, resulting in the current guideline value of Rs 1,650 per sq.ft.

Guideline values in Pallikaranai

Pallikaranai has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which matches the current value for Balaji Nagar 3rd Block 2nd Street.

Stamp duty and registration fee for property in Balaji Nagar 3rd Block 2nd Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Balaji Nagar 3rd Block 2nd Street?

The Sub Registrar Office that covers Balaji Nagar 3rd Block 2nd Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035, Chennai registration zone.

For more details, you can find your SRO.

How the guideline value is used when you buy or sell in Pallikaranai

The guideline value plays a crucial role in the registration process of property transactions in Pallikaranai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Balaji Nagar 3rd Block 2nd Street?

The current guideline value of Balaji Nagar 3rd Block 2nd Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, which had a guideline value of Rs 1,500 per sq.ft, the value increased to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase. There are no figures for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Balaji Nagar 3rd Block 2nd Street?

The land classification for Balaji Nagar 3rd Block 2nd Street is Residential Class IV Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Balaji Nagar 3rd Block 2nd Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in this area?

Stamp duty for properties in Balaji Nagar 3rd Block 2nd Street is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 at 7%.